Product Code: A31565
The global hemp tea market is envisioned to garner $392.8 million by 2031, growing from $56.2 million in 2021 at a CAGR of 22.1%.
Hemp tea, a refreshing herbal beverage, which is made from hemp leaves, stems, flowers, or buds. Hemp tea helps in reducing stress, anxiety, depression, and pain. Over the past few years, growth trajectories have been dramatically impacted by manufacturers' race to develop environmentally friendly products.
The rising global appeal of plant-based super foods is another major trend that has pushed the boundaries of product development in the market for hemp tea products. These factors have positively impacted the demand for hemp tea or CBD tea during the recent times. The popularity of veganism is growing as more people are becoming aware regarding the numerous health benefits of hemp and hemp tea. These factors are anticipated to promote hemp tea market growth over the course of the analysis.
However, companies who sell hemp and goods made from cannabidiol must be abide by local laws in each nation. Despite the fact that different varieties of hemp tea with varying degrees are legalized around the world, manufacturers and other stakeholders might find it challenging to adhere to the strict regulatory standards that apply to the cultivation and sale of industrial hemp in different states within the same country. These factors are projected to limit the hemp tea market size during the analysis timeframe.
Furthermore, the demand for hemp tea is rapidly rising all around the world. Maintaining body weight and lowering anxiety and depression are just a few of the health advantages of hemp tea. Additionally, hemp tea is a great source of nutrients, vitamins, minerals, and antioxidants, all of which improve one's health. Many consumers have been drawn to test these new herbal items made from plants because of the advantages of hemp tea. During the anticipated term, this factor is likely to fuel the hemp tea industry growth.
The market for hemp tea suffered a serious setback during the COVID-19 pandemic. The dangerous coronavirus infected millions of people worldwide on a daily basis and had a negative impact on their health. The accessibility of raw ingredients for the production of hemp tea was restricted in addition to the overall lockdown and travel restrictions that has affected the hemp tea market revenue during the pandemic.
The key players profiled in the hemp tea market report include ItsHemp, Willie's Remedy, Clipper Teas, Buddha Teas, Traditional Medicinals, The Tea Can Company, Cannabiniers, Colorado Harvest Company, Charlotte's Web, and Green Roads
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hemp tea market analysis from 2021 to 2031 to identify the prevailing hemp tea market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hemp tea market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hemp tea market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
- Online/Direct-to-Consumer
- Convenience stores
- Others
By Region
- North America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
- Key Market Players
- ItsHemp
- Willie's Remedy
- Clipper Teas
- Buddha Teas
- Traditional Medicinals
- The Tea Can Company
- Cannabiniers
- Colorado Harvest Company
- Charlotte's Web
- Green Roads
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Regulatory Guidelines
- 3.8.Value Chain Analysis
- 3.9.Market Share Analysis
- 3.10.Key Regulation Analysis
- 3.11.Patent Landscape
CHAPTER 4: HEMP TEA MARKET, BY DISTRIBUTION CHANNEL
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Online/Direct-to-Consumer
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Convenience stores
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Others
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
CHAPTER 5: HEMP TEA MARKET, BY REGION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 North America
- 5.2.1 Key trends and opportunities
- 5.2.2 North America Market size and forecast, by Distribution Channel
- 5.2.3 North America Market size and forecast, by country
- 5.2.3.1 U.S.
- 5.2.3.1.1 Market size and forecast, by Distribution Channel
- 5.2.3.2 Canada
- 5.2.3.2.1 Market size and forecast, by Distribution Channel
- 5.2.3.3 Mexico
- 5.2.3.3.1 Market size and forecast, by Distribution Channel
- 5.3 Europe
- 5.3.1 Key trends and opportunities
- 5.3.2 Europe Market size and forecast, by Distribution Channel
- 5.3.3 Europe Market size and forecast, by country
- 5.3.3.1 Germany
- 5.3.3.1.1 Market size and forecast, by Distribution Channel
- 5.3.3.2 United Kingdom
- 5.3.3.2.1 Market size and forecast, by Distribution Channel
- 5.3.3.3 France
- 5.3.3.3.1 Market size and forecast, by Distribution Channel
- 5.3.3.4 Spain
- 5.3.3.4.1 Market size and forecast, by Distribution Channel
- 5.3.3.5 Italy
- 5.3.3.5.1 Market size and forecast, by Distribution Channel
- 5.3.3.6 Rest of Europe
- 5.3.3.6.1 Market size and forecast, by Distribution Channel
- 5.4 Asia-Pacific
- 5.4.1 Key trends and opportunities
- 5.4.2 Asia-Pacific Market size and forecast, by Distribution Channel
- 5.4.3 Asia-Pacific Market size and forecast, by country
- 5.4.3.1 China
- 5.4.3.1.1 Market size and forecast, by Distribution Channel
- 5.4.3.2 Japan
- 5.4.3.2.1 Market size and forecast, by Distribution Channel
- 5.4.3.3 India
- 5.4.3.3.1 Market size and forecast, by Distribution Channel
- 5.4.3.4 South Korea
- 5.4.3.4.1 Market size and forecast, by Distribution Channel
- 5.4.3.5 Australia
- 5.4.3.5.1 Market size and forecast, by Distribution Channel
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.3.6.1 Market size and forecast, by Distribution Channel
- 5.5 LAMEA
- 5.5.1 Key trends and opportunities
- 5.5.2 LAMEA Market size and forecast, by Distribution Channel
- 5.5.3 LAMEA Market size and forecast, by country
- 5.5.3.1 Brazil
- 5.5.3.1.1 Market size and forecast, by Distribution Channel
- 5.5.3.2 Saudi Arabia
- 5.5.3.2.1 Market size and forecast, by Distribution Channel
- 5.5.3.3 UAE
- 5.5.3.3.1 Market size and forecast, by Distribution Channel
- 5.5.3.4 South Africa
- 5.5.3.4.1 Market size and forecast, by Distribution Channel
- 5.5.3.5 Rest of LAMEA
- 5.5.3.5.1 Market size and forecast, by Distribution Channel
CHAPTER 6: COMPANY LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product Mapping of Top 10 Player
- 6.4. Competitive Dashboard
- 6.5. Competitive Heatmap
- 6.6. Key developments
CHAPTER 7: COMPANY PROFILES
- 7.1 ItsHemp
- 7.1.1 Company overview
- 7.1.2 Company snapshot
- 7.1.3 Operating business segments
- 7.1.4 Product portfolio
- 7.1.5 Business performance
- 7.1.6 Key strategic moves and developments
- 7.2 Willie's Remedy
- 7.2.1 Company overview
- 7.2.2 Company snapshot
- 7.2.3 Operating business segments
- 7.2.4 Product portfolio
- 7.2.5 Business performance
- 7.2.6 Key strategic moves and developments
- 7.3 Clipper Teas
- 7.3.1 Company overview
- 7.3.2 Company snapshot
- 7.3.3 Operating business segments
- 7.3.4 Product portfolio
- 7.3.5 Business performance
- 7.3.6 Key strategic moves and developments
- 7.4 Buddha Teas
- 7.4.1 Company overview
- 7.4.2 Company snapshot
- 7.4.3 Operating business segments
- 7.4.4 Product portfolio
- 7.4.5 Business performance
- 7.4.6 Key strategic moves and developments
- 7.5 Traditional Medicinals
- 7.5.1 Company overview
- 7.5.2 Company snapshot
- 7.5.3 Operating business segments
- 7.5.4 Product portfolio
- 7.5.5 Business performance
- 7.5.6 Key strategic moves and developments
- 7.6 The Tea Can Company
- 7.6.1 Company overview
- 7.6.2 Company snapshot
- 7.6.3 Operating business segments
- 7.6.4 Product portfolio
- 7.6.5 Business performance
- 7.6.6 Key strategic moves and developments
- 7.7 Cannabiniers
- 7.7.1 Company overview
- 7.7.2 Company snapshot
- 7.7.3 Operating business segments
- 7.7.4 Product portfolio
- 7.7.5 Business performance
- 7.7.6 Key strategic moves and developments
- 7.8 Colorado Harvest Company
- 7.8.1 Company overview
- 7.8.2 Company snapshot
- 7.8.3 Operating business segments
- 7.8.4 Product portfolio
- 7.8.5 Business performance
- 7.8.6 Key strategic moves and developments
- 7.9 Charlotte's Web
- 7.9.1 Company overview
- 7.9.2 Company snapshot
- 7.9.3 Operating business segments
- 7.9.4 Product portfolio
- 7.9.5 Business performance
- 7.9.6 Key strategic moves and developments
- 7.10 Green Roads
- 7.10.1 Company overview
- 7.10.2 Company snapshot
- 7.10.3 Operating business segments
- 7.10.4 Product portfolio
- 7.10.5 Business performance
- 7.10.6 Key strategic moves and developments